Weekly Notables

from the Desk of Brian Bickett, CFP®

for the Week of November 27, 2019

Industry consolidation…

This week’s investing article details reports that brokerage firm Charles Schwab is in talks to purchase TD Ameritrade for $26 billion.

This announcement took the industry by surprise and has me following closely.  Based on previous mergers of this size in the financial industry, estimates are that any possible merger would take at least 18 months to implement.  And that is only if it survives any Department of Justice anti-trust scrutiny as the combined firm would hold north of $5 trillion of assets and as much as 70% market share of the Registered Investment Advisor custody channel.

There are too many what-if’s at this time to speculate about how the possible combined brokerage firm would be structured and what that might mean to account holders; and all of that is dependent on the deal successfully closing and the merger being allowed to continue.

Let’s turn our focus to something we can control today (or tomorrow) and thank the people who make a difference in our lives.

Enjoy the ride of YOUR life!

— Brian

Find Your Financial Roadmap.

Brian can help you develop a roadmap to get you from where you are to where you want to go — and then put it in action, making your money work for you to avoid behavioral mistakes.

Schwab In Talks To Buy TD Ameritrade

(Maggie Fitzgerald, CNBC) – This week’s investing article follows reports that the brokerage firm Charles Schwab was in talks to buy fellow brokerage firm TD Ameritrade for $26 billion.  If followed thru, and allowed by the Department of Justice, the combined firm would have as much as 70% of the RIA custody channel.  

Why Don’t We Know How to Protect Our Time?

(Ryan Holiday, Forge) – This week’s personal finance article walks us thru the many reasons so many of us struggle with where we spend our time.  Not valuing ourselves enough and not enforcing boundaries are my two favorites.

The $51,000 Retirement Savings Mistake 

(Catey Hill, MarketWatch) – This week’s retirement article focuses on the underlying cause of recent study results that yielded 49% of people with retirement accounts have taken early withdrawals.  This article complement last week’s personal finance article on “How Can They Afford That When I Can’t?.

Where’s Brian?

Grateful for the opportunity to spend time with family…

Additional Articles You May Find Interesting

CARES Act – Returning unwanted 2020 RMDs

CARES Act – Returning unwanted 2020 RMDs

Article written by Brian Bickett   One of the key provisions of the CARES Act, the coronavirus relief act that took effect this spring, permitted retirement account holders to bypass required minimum distributions (RMDs) for 2020. RMDs are the annual withdrawals...

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Summary of the 2020 Social Security Trustees’ Report

Summary of the 2020 Social Security Trustees’ Report

The Social Security Board of Trustees released their annual report at the end of April once again this year.  The report for 2019 spans 276 pages that go into detail about the current financial status, future assumptions, and projections.  Once again…

read more
Understanding Arch Coal Pension Plan Benefit Options

Understanding Arch Coal Pension Plan Benefit Options

Article written by Brian Bickett   I’ve been able to help a handful of people make educated decisions concerning their Arch Coal Pension Plan in the recent months. While it all comes down to your personal financial goals, here are a few points that have helped my...

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